5 Higgins Street, Penrith, NSW 2750 | Commercial for sale | OnTheHouse
 
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5 Higgins Street
Penrith NSW 2750

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2996m2
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Auction Time
Thu 8 Oct 10:30 am
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Rare DA-Approved Development Opportunity with Exceptional High Street Frontage

Raine & Horne Commercial Penrith is proud to offer 5 Higgins Street, Penrith for sale by Auction on Thursday, 8th October 2026.
An exceptionally rare opportunity to acquire a substantial 2,996sqm* Mixed Use development site in the heart of Penrith CBD, with the significant advantage of a fully vacant lot with an approved development scheme and subsequent Section 96 approval already in place.
Positioned between Higgins Street and High Street, the site benefits from dual street frontage and a prime CBD location. Opportunities combining this scale, location and DA approval are rarely offered, allowing purchasers to progress a substantial development with significant planning work already completed.
The approved DA provides for a six-storey development plus two basement levels, approximately 4,885sqm* GFA, 108* car spaces, ground-floor retail, upper-level accommodation, loading facilities, landscaped areas and end-of-trip facilities. A subsequent Section 96 approval further refines the approved scheme.
With 2,996sqm* of Mixed Use land and prominent High Street frontage, the property offers a multitude of opportunities for developers, investors and owner-occupiers, supported by Penrith's continued CBD transformation and major surrounding investment.
Property Highlights;
• 2,996sqm* substantial CBD development site with prominent dual street frontage to Higgins Street and High Street
• DA approved six-storey development over two basement levels, incorporating approximately 4,885sqm* GFA
• MU1 Mixed Use zoning with an approximately 25.4m* height limit, providing flexibility for a range of commercial, retail, residential and mixed-use outcomes
• Approved scheme includes 108 on-site car spaces, dedicated loading facilities, landscaped podium areas and contemporary end-of-trip facilities
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Property Details for 5 Higgins St, Penrith

Building Type
Commercial
Land Size
2996m2
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About Penrith 2750

The size of Penrith is approximately 12.5 square kilometres. There are 35 parks, covering nearly 13.5% of the total area. The population of Penrith in 2016 was 13295 people. By 2021 the population was 17966 showing a population growth of 35.1% in the area during that time. The predominant age group in Penrith is 20-29 years. Households in Penrith are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Penrith work in a professional occupation.In 2021, 36.00% of the homes in Penrith were owner-occupied compared with 40.70% in 2016.

Penrith has 13,099 properties. Over the last 5 years, Houses in Penrith have seen a 31.65% increase in median value, while Units have seen a 30.86% increase. As at 31 August 2026:

  • The median value for Houses in Penrith is $1,062,065 while the median value for Units is $633,487.
  • Houses have a median rent of $630 while Units have a median rent of $580.
There are currently 97 properties listed for sale, and 114 properties listed for rent in Penrith on OnTheHouse. According to Cotality's data, 649 properties were sold in the past 12 months in Penrith.

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Michael Brislane
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Abed Adlouni
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Raine & Horne Commercial Penrith
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